The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
PPP loans distributed in 2020 in ZIP Code 54658
| Name of Borrower | Current Approved Amount |
|---|---|
| Proksch Transit, Inc. | $249,600 |
| Wichelt Imports, Inc. | $178,800 |
| Hogden Enterprises, Inc. | $135,802 |
| Les Manske & Sons Excavating & Landscaping, LLC | $112,100 |
| Aapllc | $78,319 |
| Hamburg Hills Farm, LLP | $65,500 |
| St. Matthew's Evangelical Lutheran Church | $37,000 |
| Water Works Dock & Boat Lifts, Inc. | $30,842 |
| Nickelatti Construction Company | $30,381 |
| Water Works Marine, Inc. | $26,200 |
| Bechtel Roofing Services, LLC | $22,837 |
| American Appliance Services of Stoddard, LLC | $15,000 |
| Robert McMahon Jr. | $13,542 |
| Stoddard United Methodist Church | $8,600 |
| Michael a. And Julie a. Tully, LLC | $8,079 |
| Michael Juen | $7,887 |
| Robert Juen | $7,500 |
| Troyanek Construction, Inc. | $6,979 |
| 608 Plumbing, LLC | $6,892 |
| Ellis Safe Landing Motel, LLC | $4,200 |
| Nevy Construction | $1,435 |
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